Schools; Oklahoma Parental Choice Tax Credit Act; website requirements; effective date.

HB 1395 creates a state income tax credit for Oklahoma parents or guardians paying eligible education expenses for students. It allows taxpayers to claim credits of up to $7,500 annually (based on household income) for private school tuition, tutoring, textbooks, and other approved educational costs for students attending accredited private schools or nonpublic learning programs. The credit amount decreases as parental income rises, with special provisions for students experiencing homelessness or attending schools primarily serving financially disadvantaged students. Taxpayers must retain receipts and submit them to the Oklahoma Tax Commission to claim the credit.